INTEREST ONLY LOANS

Recently, Interest Only Loans have become prevalent in the mortgage industry. An interest only loan means that you pay only the interest on a mortgage in monthly payments for a fix term. After the end of that term, (generally 5-7 years) you begin paying off the principal (which causes your payment to jump dramatically), refinance, or pay the balance in a lump sum. An interest-only mortgage might be a good fit for:

• Someone whose income is mostly in the form of infrequent commissions or bonuses.
• Someone who expects to earn a lot more in a few years.
• Someone who truly will invest the savings on the difference between an interest-only mortgage and an amortizing mortgage, and who is confident that the investments will make money.

Financial advisers don't recommend interest-only mortgages to regular wage earners who take out moderate-size home loans and don't have a strategy for investing the savings.

We'd be happy to help you make the decision on which loan is right for you - please contact us today!

We offer rent to own, lease purchase option, owner financing, & seller financed homes. We have many flexible home ownership programs for those who may need to rent today and own tomorrow. We can assist with all or some of the financing depending on your needs. We help with credit repair, establishing a payment history, & refinancing to the best rate possible when you're ready.

Thanks,

ATX Rent To Own is an ALLRentToOwn.com Local Specialist

http://www.atxrenttoown.com  & http://www.allrenttoown.com